Today is Monday, 8th December. You sell a 9x12 FRA for value Thursday, 10th September next year. On what date is the settlement amount due to be paid or received (assuming that there are no holidays)?
A. 8th September next year
B. 10th September next year
C. 8th December next year
D. 10th December next year
You quote the following rates to a customer spot GBP/CHF 2.2005-10 3M GBP/CHF swap 120/115 At what rate do you sell GBP to a customer 3-month outright?
A. 2.1890
B. 2.2125
C. 2.1895
D. 2.1885
Spot cable is quoted at 1.6048-53 in the brokers and you quote a customer 1.6050-55 in USD 3 million, If they sell USD to you, how much GSP will you be short of?
A. 4,816,500.00
B. 1,868,809.57
C. 1.868,576.77
D. 4,815,900.00
If spot AUD/USD is quoted to you as 0.7406-09. How many AUD would you receive in exchange for USD 5,000,000 if you dealt on the price?
A. 3,704,500
B. 6,748,549
C. 3,703,000
D. 6,751,283
If GSP/USD is quoted to you at 1.61 20-30, how much GSP would you receive if you sold USD 2000,000?
A. 1,239,925.60
B. 1,237,873.80
C. 1,240,694.79
D. 1,242,720.50
If EUR/USD is 1.1025-28 and the 6-month swap is 112.50/113, what is the 6-month outright price?
A. 1.1380-1.11405
B. 1.11375-1.1141
C. 1.09125-1.0915
D. None of these
When quoting the exchange rate between the EUR and AUDI which is conventionally the base currency?
A. EUR
B. AUD
C. Depends on whether the price is being quoted in Europe or Australia
D. Depends on whether the price is being quoted interbank or to a customer
Are the forward points materially affected by changes in the spot rate?
A. never
B. Only for very large movements and longer terms
C. always
D. spot is the principal influence
A 6-month SEK/NOK Swap is quoted 140/150. Spot is 0.9445. Which of the following statements is correct?
A. SEK interest rates are higher than NOK interest rates
B. NOK interest rates are higher than SEK interest rates
C. NOK interest rates are higher than USD interest rates
D. SEK interest rates and NOK interest rates are converging
How is an outright forward FX transaction quoted?
A. Forward points
B. Full forward exchange rate
C. Depends on whether is interbank or to a customer
D. Depends on the currency pair and sometimes the term
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